What was the balance at the beginning of 2021 for Benihana?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
2020, the Company has valuation allowance of $0.3 million and $0.3 million, respectively, related to foreign tax credits the Company does not expect to utilize as a result of generating income in a jurisdiction with a higher income tax rate than the U.S.
Uncertain tax positions
The following table summarizes the activity related to the Company's uncertain tax positions (in thousands):
| | For the years ended December 31, | | | | | |------
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, the balance at the beginning of 2021 was $814. This figure is part of the Item 22 disclosures related to contracts. The table provides a comparison of balances across different years, offering insight into the financial changes within Benihana's contractual obligations.
For a prospective franchisee, understanding these beginning and ending balances can be crucial. It reflects the financial health and stability of Benihana, particularly in managing its contractual commitments. A significant change in balance could indicate shifts in Benihana's business strategy, financial management, or market conditions.
Franchisees should pay close attention to these figures as they provide a snapshot of Benihana's financial activities and how the company manages its contractual obligations. Monitoring these balances over time can help franchisees assess the financial risks and opportunities associated with investing in a Benihana franchise.